How Electronic Invoicing Networks Streamline Global Tax Compliance

Today’s digital economy makes it easier than ever for businesses to buy and sell across the globe. As a result, more businesses must support the value-added tax (VAT), goods and services tax (GST), provincial sales tax (PST), withholding taxes, and more.

In most countries where invoices can be sent electronically, businesses must prove the integrity and authenticity of their electronic invoices, across their different processes and partners, over a long period, in accordance with tax laws.

But paper-based invoice processes make it difficult, if not impossible, for businesses to ensure compliance with tax laws and other rules. No wonder most CFOs say that streamlining tax compliance ranks among their top priorities. Electronic invoicing networks uniquely address the challenges of global tax compliance.

Download IOFM’s latest white paper and learn the challenges of complying with global tax regulations, why technologies such as OCR do not go far enough in solving these problems, and how electronic invoicing networks eliminate these challenges to reduce the compliance risks of international trade and commerce.

If your organization is struggling with global tax compliance, download this white paper today.

Continuing Education Credits available:

Receive 1 CEU toward APM, APS, or P2P recertification! The Accounts Payable Certification and Procure-to-Pay Certification Programs are designed to establish standards for the profession and recognize Accounts Payable and Procure-to-Pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the Accounts Payable and Procure-to-Pay bodies of knowledge.

This white paper is provided free of charge and underwritten by a sponsor. Following your download, you may be contacted by the sponsor with information about their products and services.